Progress Software Corporation(PRGS) Stock Research - Grey Stern Research

Progress Software Corporation (PRGS) Stock Analysis

$62.94 (-1.22%)

PRGS Financial Performance


Use the table below to view Progress Software Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $62.94 -
52 Week Low $48.00 -
52 Week High $70.56 -
Market Cap $2.7 Billion 4/14
Gross Margin 84% 3/14
Profit Margin 16% 2/14
EBITDA margin 35% 1/14
Q3 - 2024 Revenue $178.7 Million 3/14
Q3 - 2024 Earnings $28.5 Million 2/14
Q3 - 2024 Free Cash Flow $56.6 Million 2/14
Trailing 4 Quarters Revenue $715.4 Million 4/14
Trailing 4 Quarters Earnings $82.6 Million 2/14
Quarterly Earnings Growth 49% 6/14
Annual Earnings Growth 49% 4/14
Quarterly Revenue Growth 2% 10/14
Annual Revenue Growth 1% 12/14
Cash On Hand $232.7 Million 2/14
Short Term Debt $8.9 Million 7/14
Long Term Debt $795.3 Million 2/14

Progress Software Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Progress Software Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 32.68 5/14
PS 3.77 7/14
PB 6.34 4/14
PC 11.60 8/14
Liabilities to Equity 2.81 2/14
ROA 0.05 3/14
ROE 0.19 2/14
Current Ratio 1.36 12/14
Quick Ratio 0.19 10/14
Long Term Debt to Equity 1.87 2/14
Debt to Equity 1.87 2/14
Burn Rate 41.81 2/14
Cash to Cap 0.09 5/14
CCR 1.99 4/14
EV to EBITDA 51.67 9/14
EV to Revenue 4.56 5/14

Company Details

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

CEO: Mr. Yogesh Gupta

Website: https://www.progress.com

Address: 14 Oak Park Dr Bedford, MASSACHUSETTS

Exchange: NASDAQ Global Select

Industry: Software—Application

Progress Software Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Progress Software Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
PROS Holdings, Inc. PRO $1.1 Billion
Envestnet, Inc. ENV $3.5 Billion
Model N, Inc. MODN $1.2 Billion
PDF Solutions, Inc. PDFS $1.1 Billion
MiX Telematics Limited MIXT $322.4 Million
ePlus inc. PLUS $2.1 Billion
Sapiens International Corporation N.V. SPNS $1.4 Billion
Paycor HCM, Inc. PYCR $4.0 Billion
MeridianLink, Inc. MLNK $1.5 Billion
Momentive Global Inc. MNTV $1.4 Billion
ON24, Inc. ONTF $268.2 Million
PowerSchool Holdings, Inc. PWSC $3.8 Billion
Enfusion, Inc. ENFN $1.0 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
PRGS Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 178.7 Million $28.5 Million
Q2 2024 $ 175.1 Million $16.2 Million
Q1 2024 $ 184.7 Million $22.6 Million
Q4 2023 $ 177.0 Million $15.3 Million
Q3 2023 $ 175.0 Million $19.1 Million
Q2 2023 $ 178.3 Million $12.1 Million
Q1 2023 $ 164.2 Million $23.7 Million
Q4 2022 $ 157.1 Million $23.7 Million

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PRGS Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $232.7 Million $1.6 Billion $795.3 Million $425.6 Million
Q2 2024 $190.4 Million $1.6 Billion $813.7 Million $401.7 Million
Q1 2024 $127.9 Million $1.5 Billion $712.3 Million $461.7 Million
Q4 2023 $127.0 Million $1.6 Billion $747.1 Million $459.7 Million
Q3 2023 $138.0 Million $1.6 Billion $780.2 Million $445.0 Million
Q2 2023 $125.5 Million $1.6 Billion $813.8 Million $418.8 Million
Q1 2023 $108.0 Million $1.6 Billion $838.7 Million $413.4 Million
Q4 2022 $256.3 Million $1.4 Billion $640.6 Million $394.0 Million

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PRGS Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $56.6 Million -$1.1 Million $42.3 Million
Q2 2024 $64.3 Million -$955,000 $62.5 Million
Q1 2024 $68.7 Million -$309,000 $914,000
Q4 2023 $30.8 Million -$2.4 Million -$11.0 Million
Q3 2023 $44.8 Million -$1.2 Million $12.5 Million
Q2 2023 $46.4 Million -$1.6 Million $2.6 Million
Q1 2023 $46.4 Million -$385,000 -$133.4 Million
Q4 2022 $37.1 Million -$3.0 Million $26.9 Million

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